Shi Jun: Commodity Decline Continuously Low Euro Adjustment

The US dollar index continued to be highly collated yesterday.

The trend of non US currencies has changed dramatically in recent years. In August, European currencies fell sharply, and commodities remained volatile. In the second week of September, European currencies declined after a continuous decline, while commodity currencies weakened all along.

Yesterday, the Australian dollar continued to plunge, and NZD followed closely.

The US stock market overall fluctuated little, and the three major stock index trends were different. Among them, the Dow Jones Industrial Average fell 0.12%, closing at 17049 points, the NASDAQ index rose 0.12%, closed at 4591.81 points, and the S & P 500 index rose 0.09%, closing at 1997.45 o'clock.

Delagi, President of the European Central Bank, yesterday appealed to the eurozone government to take effective measures to stimulate investment, and fiscal policy and monetary policy should go hand in hand.

He predicted that the TLTRO project launched in June and the ABS plan launched last week will boost the balance sheet of the ECB.

However, Delagi believes that it is difficult to promote economic growth only by the ECB's monetary policy. It needs the structural reform of the euro area countries and the implementation of fiscal policy with monetary policy.

This view has been mentioned in his previous speech, and this time it is proposed again that it is likely that Germany will be able to adapt to his ideas and increase investment in public expenditure as long as he points to Germany.

There is not much data today. The US retail sales month rate in August and the initial value of consumer confidence index of University of Michigan in September are more important data.

Operation suggestion:

Australian dollar to us dollar

Yesterday, it was hit by data again to 0.9216, but then dropped sharply, closing the shadow line on the shadow line and forming a quadruple negative trend on the daily line.

The downward drag on the weekly line 0.9289 has already broken down this week, and the strength is strong.

Under the Aussie of the Australian dollar, 0.8990 of the resistance tests are still underway. There is still a single way of thinking on the operation. It is a suitable opportunity to wait for the callback of 0.9100.

Niu Yuan was relatively small yesterday, showing a trend of volatility in early trading today.

Because of the earlier fall, NZD has recently shown signs of a weaker decline and is stronger in commodity currencies.

At present, the price of the New Zealand dollar is in the middle of the 0.8040 to 0.8400 concussion zone, and the uplink resistance is 0.8200. If it fails to break through, the New Zealand dollar will continue to test 0.8040 of the price. If 0.8200 breaks out, the New Zealand dollar will have a period of adjustment.

Short wait 0.8200 again short, stop 0.8240.

The United States and Canada increased significantly yesterday, and broke through the 1.1000 integer mark. The breakthrough of the price represents the effective disruption of the daily oscillation zone, and the new US and Canada's rising space is open, and the uplink target will point to the pre high point of 1.1280.

Within 1.1000 days, we will wait for the US and Canada to drop. We will stand firm and follow up more orders and stop losses below 1.0940. After 1.1070 breakthroughs, we will continue to see 1.1240.